Portuguese contractor Mota-Engil has listed shares in its subsidiary Mota-Engil Africa on the Amsterdam Euronext exchange. Earlier in the year the company had started the process of listing on the London Stock Exchange by way of an initial public offering (IPO) of shares, but this was abandoned, "due to the deterioration in market conditions." Mota-Engil Africa had revenues of € 557 million (US$ 696 million) in the first half of 2014, a +29% increase on the same period last year. Its net profits for the period were up + 11% at € 62.4 million (US$ 78.1 million).
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